Gerald T. Garvey

Blackrock

Managing Director

Level 37, Chifley Tower

2 Chfiley Square

Sydney, NSW 2000

Australia

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SCHOLARLY PAPERS

21

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Top 3,974

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10,321

SSRN CITATIONS
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SSRN RANKINGS

Top 18,070

in Total Papers Citations

17

CROSSREF CITATIONS

31

Scholarly Papers (21)

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1.

The Management of Corporate Capital Structure: Theory and Evidence

Number of pages: 32 Posted: 13 Jan 1997
Gerald T. Garvey and Gordon R. Hanka
Blackrock and University of Texas at Austin - Department of Finance
Downloads 4,868 (1,688)
Citation 2

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2.

Do Stock Prices Incorporate the Potential Dilution of Employee Stock Options?

Number of pages: 37 Posted: 17 Apr 2001
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 1,032 (21,872)
Citation 15

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Employee stock options, dilution, market efficiency

3.

Agency Problems are Ameliorated by Stock Market Liquidity: Monitoring, Information and the Use of Stock-Based Compensation

EFA 2002 Berlin Meetings Presented Paper; UNSW School of Banking and Finance Faculty of Commerce
Number of pages: 51 Posted: 16 Feb 2002
Gerald T. Garvey and Peter L. Swan
Blackrock and University of New South Wales (UNSW Sydney
Downloads 775 (32,914)
Citation 4

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Pay-performance sensitivity, Executive options; Incentives; Liquidity; Information content; Monitoring, Bonus schemes

4.

A Pitfall in Ethical Investing: ESG Disclosures Reveal Vulnerabilities, Not Virtues

Number of pages: 20 Posted: 20 Sep 2016
Gerald T. Garvey, Joshua Kazdin, Joanna Nash, Ryan LaFond and Hussein Safa
Blackrock, BlackRock, Inc - San Francisco, BlackRock, Inc - San Francisco, Algert Global, LLC and BlackRock, Inc - San Francisco
Downloads 700 (37,821)
Citation 4

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Social Responsibility; Controversies

5.

Asymmetric Benchmarking in Compensation: Executives are Paid for (Good) Luck But Not Punished for Bad

AFA 2004 San Diego Meetings
Number of pages: 39 Posted: 12 May 2003
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 697 (38,015)
Citation 17

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Compensation, Benchmarking

6.

What is an Acceptable Rate of Return for an Undiversified Investor?

Number of pages: 24 Posted: 21 Sep 2001
Gerald T. Garvey
Blackrock
Downloads 534 (53,962)
Citation 7

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Illiquid Asset, Marketability Discount, Diversification

7.

Executive Stock Options and the Mediation of Stockholder-Bondholder Conflicts

University of British Columbia FIN98-7
Number of pages: 30 Posted: 18 Aug 1998
Gerald T. Garvey and Amin Mawani
Blackrock and York University - Department of Accounting
Downloads 521 (55,669)
Citation 1

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8.

Market-Indexed Executive Compensation: Strictly for the Young

Number of pages: 28 Posted: 06 Jun 2001
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 380 (81,484)
Citation 2

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Executive Compensation, Risk, Relative Performance Evaluation

9.

Why Do Firms Use Equity-based Pay? Managerial Compensation and Stock Price Informativeness

Fisher College of Business Working Paper No. 2019-03-012, Charles A. Dice Center Working Paper No. 2019-12
Number of pages: 52 Posted: 28 Feb 2018 Last Revised: 03 May 2019
Benjamin Bennett, Gerald T. Garvey, Todd T. Milbourn and Zexi Wang
Tulane University - A.B. Freeman School of Business, Blackrock, Washington University in Saint Louis - Olin Business School and Lancaster University
Downloads 296 (107,878)
Citation 1

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Executive compensation, Equity-based pay, Stock price informativeness

10.

Multidimensional Competition on NASDAQ: Did Traders Gain When Dealers Stopped Avoiding Odd-Eighth Quotes?

Number of pages: 16 Posted: 31 Jul 1996
Gerald T. Garvey and Michael S. McCorry
Blackrock and affiliation not provided to SSRN
Downloads 159 (195,712)
Citation 1

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11.

Do Informative Stock Prices Simplify Executive Compensation?

Fisher College of Business Working Paper No. 2019-03-007, Charles A. Dice Center Working Paper No.2019-07
Number of pages: 46 Posted: 15 Mar 2019 Last Revised: 29 Dec 2019
Benjamin Bennett, Gerald T. Garvey, Todd T. Milbourn and Zexi Wang
Tulane University - A.B. Freeman School of Business, Blackrock, Washington University in Saint Louis - Olin Business School and Lancaster University
Downloads 139 (218,558)

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Compensation complexity, Stock price informativeness, Market monitoring, Proxy statements, Textual analysis

12.

What Will it Do for My EPS? An Unflattering But Powerful Motive for Mergers

Number of pages: 53 Posted: 06 Jun 2010 Last Revised: 06 Jan 2014
Gerald T. Garvey, Todd T. Milbourn and Kangzhen Xie
Blackrock, Washington University in Saint Louis - Olin Business School and Seton Hall University, Stillman School of Business
Downloads 77 (327,360)
Citation 4

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13.

Contrarians or Momentum Chasers? Individual Investors’ Behavior When Trading ETFs

Forthcoming, The Journal of Futures Markets
Number of pages: 38 Posted: 23 Oct 2018 Last Revised: 26 Oct 2018
Carlo Da Dalt, David Feldman, Gerald T. Garvey and P. Joakim Westerholm
Investec, Banking and Finance, UNSW Business School, UNSW Sydney, Blackrock and University of Sydney Business School
Downloads 63 (365,185)

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ETF, Momentum, Contrarian, Household, Behavior

14.

How Well Do Investors Process (More Subtle) Information? The Case of Employee Stock Options

Number of pages: 38 Posted: 20 Mar 2007 Last Revised: 04 Dec 2008
Jian Cai, Gerald T. Garvey and Todd T. Milbourn
Washington University in St. Louis, Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 58 (380,358)
Citation 1

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Stock options, dilution, limited attention, information disclosure

15.

Risk-Taking Incentives of Executive Stock Options and the Asset Substitution Problem

Accounting and Finance, Vol. 45, No. 1, pp. 3-23, March 2005
Number of pages: 21 Posted: 02 Feb 2005
Gerald T. Garvey and Amin Mawani
Blackrock and York University - Department of Accounting
Downloads 22 (535,021)
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16.

Incentive Compensation When Executives Can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross Section

Journal of Finance, Vol. 58, pp. 1557-1582, August 2003
Posted: 03 Jan 2004
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School

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17.

Noise Pollution: Why Optimal Contracts Expose Managers to Short-Term Market Movements

Posted: 07 Sep 1999
Gerald T. Garvey, Simon Grant and Stephen P. King
Blackrock, Rice University - Department of Economics and Monash University - Department of Economics

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18.

Marketable Incentive Contracts and Endogenous Management Objectives

Posted: 06 Sep 1999
Gerald T. Garvey
Blackrock

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19.

How Brokers Facilitate Trade for Long-Term Clients in Competitive Securities Markets

JOURNAL OF BUSINESS, January 1995
Posted: 20 Dec 1998
Michael J. Aitken, Peter L. Swan and Gerald T. Garvey
Macquarie Graduate School of Management, University of New South Wales (UNSW Sydney and Blackrock

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20.

Stock Market Liquidity and Optimal Management Compensation: Theory and Evidence

Posted: 10 Oct 1998
Gerald T. Garvey, Peter L. Swan and Michael S. McCorry
Blackrock, University of New South Wales (UNSW Sydney and affiliation not provided to SSRN

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21.

Incentives for Helping on the Job: Theory and Evidence

Posted: 08 Oct 1996
Gerald T. Garvey and Robert W. Drago
Blackrock and Pennsylvania State University - Department of Labor Studies and Industrial Relations

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